Articles for author: Ron Finklestien

January 8, 2024

Ron Finklestien

Canoo Inc. Reports Purchase of New Manufacturing Assets Driving Stock Surge Canoo Inc. Reports Purchase of New Manufacturing Assets Driving Stock Surge

Revving Up Production Canoo Inc GOEV shares are trading higher. The company on Monday reported the purchase of new manufacturing assets. What’s Happening: Canoo announced the purchase of manufacturing assets “at dramatically reduced prices” to scale production at its Oklahoma City facility. The assets, including robotics and controls processing equipment for building vehicle cabins, were procured at discounted prices of over 80% of estimated value. “While many companies invested in capital equipment prematurely, we continue to phase our investment with our growth,” said Ramesh Murthy, Canoo’s chief accounting officer. “These opportunities to acquire assets at significantly discounted prices have allowed us to further reduce our 2023

January 8, 2024

Ron Finklestien

Boeing and Spirit AeroSystems Plunge – A Financial Rollercoaster Boeing and Spirit AeroSystems Plunge: A Financial Rollercoaster

Listen below or on the go on Apple Podcasts and Spotify Plunge of Shares Shares of Boeing and Spirit AeroSystems have plummeted after a mid-air incident sent shockwaves through the aerospace industry. Boeing is down 8% pre-market due to a safety issue related to one of its plane models. A door plug on Alaska Airlines Flight 1282 blew out, causing the cabin to rapidly depressurize, only 6 minutes after takeoff. Although the plane landed back safely and no serious injuries were reported, the FAA ordered certain Boeing 737 MAX 9 planes to be grounded after the incident. Notably, the part

January 8, 2024

Ron Finklestien

Snap-on (SNA) Shows Robust Potential with RCI Initiative & Cost Plans Snap-on (SNA) Shows Robust Potential with RCI Initiative & Cost Plans

Snap-on Incorporated SNA continues its stride, propelled by steadfast market positioning and promising near-term prospects, supported by innovative products, a resilient franchise network, and sturdy financial performance. The company’s unwavering momentum and contributions from its Value Creation plan have been instrumental in its ongoing success. Positive Momentum Snap-on remains on course with its Rapid Continuous Improvement (“RCI”) process, along with other cost-reduction endeavors. The combination of increased sales volume, pricing actions, lower material and other costs, and gains from the RCI initiatives has facilitated margin expansion. The company marked a year-over-year improvement in both top and bottom lines in the

January 8, 2024

Ron Finklestien

Market Moods: Nasdaq Gains While Others Waver Market Moods: Nasdaq Gains While Others Waver

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 100 points on Monday. Following the market opening Monday, the Dow traded down 0.45% to 37,296.85 while the NASDAQ rose 0.75% to 14,632.70. The S&P 500 also rose, gaining, 0.26% to 4,709.31. Check This Out: Don’t Miss These 3 Consumer Stocks With Over 3% Dividend Yields From Wall Street’s Most Accurate Analysts Diverging Sectors: Tech Soars, Energy Sinks Information technology shares jumped by 1.1% on Monday. In trading on Monday, energy shares fell by 2.7%. Corporate Triumph: Commercial Metals Shines Commercial Metals Company CMC posted upbeat earnings for

January 8, 2024

Ron Finklestien

Reaping the Rewards of Value Investing Reaping the Rewards of Value Investing

I always include a few mentors when I write new books and in my latest book, I reference my friend and fellow Seeking Alpha writer, Chuck Carnevale. I met Chuck around fourteen years ago when I began writing on Seeking Alpha and he was kind enough to teach me how to become a value investor. As Chuck explained, …if you’re looking for short-term profits, value investing is not a strategy for you. To keep this clear in my own mind rather than calling it value investing, I like to think of it as business perspective investing. In other words, I

January 8, 2024

Ron Finklestien

mining

Lithium Junior Kali Metals Rises on ASX Debut Lithium Junior Kali Metals Rises on ASX Debut

Kali Metals’ entrance on the ASX has generated tremendous interest, notably from heavyweights in the local mining sector. The managing director of Mineral Resources, Chris Ellison, showed significant interest through his private company, Wabelo. The success story of Kali Metals, a spin-off of Kalamazoo Resources (ASX: KZR) and Karora Resources (TSX: KRR) lithium assets, stands in stark contrast to the challenges faced by other Australian juniors. For instance, Core Lithium (ASX: CXO) recently had to cease operations at its Finniss complex due to what it described as “tough” market conditions. Moreover, other small players have found themselves embroiled in a

January 8, 2024

Ron Finklestien

Should You Invest in Spectaire Holdings, Dorian LPG, Ginkgo Bioworks, Dada Nexus, or Ampio Pharmaceuticals? Thinking about investing in these stocks? Read this first!

NEW YORK, Jan. 8, 2024 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for SPEC, LPG, DNA, DADA, and AMPE. To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link. SPEC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=SPEC&prnumber=202401080 LPG: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=LPG&prnumber=202401080 DNA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=DNA&prnumber=202401080 DADA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=DADA&prnumber=202401080 AMPE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=AMPE&prnumber=202401080 (Note: You may have to copy this link into your browser then press the [ENTER] key.) InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical, and fundamental factors. Each of those scores is then combined into an overall score that

January 8, 2024

Ron Finklestien

Stock Market News: Boeing, American Eagle Outfitters, Harpoon Therapeutics, and More

On the precipice of historic inflation data and upcoming big bank earnings, stock futures found themselves in a precarious position, trading mixed on Monday. But amidst this divergence, there were standout performers and underachievers in the market, with a slew of stocks making significant moves. Here are the key highlights from Monday, January 8, 2024: Best Performing Stocks Ambrx Biopharma (NASDAQ:AMAM) soared by an exorbitant 103% following the announcement of Johnson & Johnson’s acquisition of the biotech firm. This all-cash merger, valuing the company at approximately $2 billion, exemplifies the allure of the pharmaceutical sector. The hesitation about the accounting

January 8, 2024

Ron Finklestien

Sherwin-Williams Company’s Stocks on an Upward Trajectory! Sherwin-Williams Company’s Stocks on an Upward Trajectory!

The Sherwin-Williams Company’s SHW shares have rallied 17.8% in the past three months, modestly outperforming its industry’s growth of 16% over the same period. The company has topped the S&P 500’s roughly 8.8% rise over the same period. Image Source: Zacks Investment Research Let’s take a look at the factors that are driving this Zacks Rank #2 (Buy) stock. Sherwin-Williams is gaining from the strength in its Paint Stores Group division, along with initiatives to reduce costs and increase pricing, as well as expanded operations. The company is growing its retail operations in response to robust domestic demand. Auto refinishing

January 8, 2024

Ron Finklestien

Analysis of Burning Rock’s Potential De-Listing and Privatization Burning Rock Grapples with Potential Delisting and Privatization

Key Takeaways: Burning Rock announced its shares could be delisted due to prolonged trading below the required $1 threshold The cancer detection specialist’s former biggest revenue source tumbled 40.6% in the third quarter amid an industry crackdown, spotlighting a major risk for Chinese companies By Doug Young Its name is Burning Rock Biotech Ltd. BNR, but these days the maker of cancer screening-products might be better named “Burning Cash.” Its dwindling cash pile as the company continues to lose money is weighing heavily on investors’ minds these days, pushing its formerly high-flying stock below the $1 level since Nov. 10, or for